I agree, if there is enough copper in the ground to justify a mine, I would like for us to maximise that value, we don't want to be a 1 trick pony with 2 flagship projects - as in we would then only have X% of 64 North and X% of Wollogorang.
As for the value attributed, you could almost argue that there is very little value for each project.
$11.5m MC $1.5m in the bank ASX shell = $6m Equates to about $2m value for each project.
There are a lot of companies on the ASX with a lot less going for them with imminent news and much larger valuations.
RML Price at posting:
2.7¢ Sentiment: None Disclosure: Held
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